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Banco Bilbao Vizcaya Argentaria, S.A. Aug 02
Standard & Poors, Aug 2002
Abstract
The ratings on Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reflect the balance between the bank's strong domestic franchise and financial profile, and the heightened risk resulting from its exposure to Latin America. With its domestic merger completed, BBVA maintains a diversified and strong position in all segments of Spanish banking. Although the group lost some market share during the past two years, it has achieved a cohesive and efficient network that will be able to continue growing. Its strong domestic base has led to BBVA's investing heavily in Latin America in the past few years, and reaching a total accumulated investment in the region of $9.7 billion at June 28, 2002, (with the book value equaling 45% of the bank's...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria S.A.,BBVA Global Finance Ltd.,Banco de Credito Local de Espana S.A.,BBVA Capital Funding Ltd.,BCL International Finance Ltd.,Banco Bilbao Vizcaya Argentaria Uruguay,Banco Bilbao Vizcaya Argentaria Puerto Rico
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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